A Study on Indian Real Estate Market and Investment in Real Estate

Abstract

Robin Charbray -founder and CEO Of Dexterous work-space said has told in the “Year 2023.`”.At a time when India’s economy has expanded become fifth largest in the world, surpassing prestigious nation like the UK, it is encouraging to note that the efforts outlined in the budget have the potential to strengthen the real-estate sector both directly and indirectly .The budget would play a key role enhancing economic development through reforms to the tax code ,increased infrastructure spending ,and a focus on affordable housing. A greener, better, and more inclusive future has been paved by budget, 2023-24, and India can rise from fifth place to better positions in the foreseeable future, with strong support from the real estate sector. The real-estate sector is going to continue on it of long term growth continues rise in GDP per capital, larger disposable incomes, growing urbanization and most of all a larger focus on the world in the economy. The co-working sector in India is expected to cross 50 million sq. ft by the end of the year 2023 which would be a YOY 15% increase. managed office spaces shall continue growing at 10%in 2023. According to a recent JLL report, the net absorption of office spaces in 2022 across the top seven cities (Mumbai, Delhi, Bengali, Hyderabad, Chennai, Katakana& Rune) has been 38.25 million sq. ft, said Robbin chambray.